Compare 2002 Chevrolet Monte Carlo Insurance Quotes

Have you fallen victim to overpriced car insurance? It’s quite common and many consumers are in the same pinch.

There are many insurance companies to pick from, and although it’s a good thing to have a selection, having more car insurance companies makes it harder to compare rates and find the lowest cost car insurance.

It’s a great practice to shop coverage around before your policy renews due to the fact that insurance prices tend to go up over time. Just because you found the lowest rates on Monte Carlo coverage a few years ago there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re about to learn one of the easiest ways to find better coverage at a better price.

This article will tell you how car insurance quotes work and some tricks to saving. If you currently have a car insurance policy, you will be able to save some money using this information. Nevertheless, consumers can benefit from knowing how the larger insurance companies market insurance on the web because it can help you find the best coverage.

Why you might pay lower rates

Many things are part of the calculation when you get a price on insurance. Some are obvious such as your driving history, although some other factors are not as apparent such as your marital status or how safe your car is.Consumers need to have an understanding of a few of the rating criteria that go into determining your policy premiums. If you understand what determines base rates, this helps enable you to make changes that may result in lower insurance prices.

  • Teen drivers cost more – More experienced drivers are proven to be safer behind the wheel, cause fewer claims and accidents , and usually have better credit.Youthful drivers are statistically proven to be inattentive and easily distracted when driving with friends and because of this, their insurance rates are much higher.
  • Don’t cut corners with liability – A critical coverage on your policy, liability insurance will protect you when you are found to be at fault for damages caused by your negligence. It will provide for a legal defense which can cost thousands of dollars. It is affordable coverage when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
  • Safety ratings are a factor – Vehicles that have high safety ratings cost less to insure. Vehicles built for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries means less claims paid and thus lower rates. If the Chevy Monte Carlo has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Your address can influence premiums – Living in a rural area has it’s advantages when talking about insurance. Fewer drivers translates into fewer accident claims and a lower car theft rate. Urban drivers have to deal with more auto accidents and more time behind the wheel. Higher commute times translates into higher accident risk.
  • Your employer may affect premiums – Jobs like military personnelairline pilots and medical professionals are shown to have higher rates than average because of intense work situations and lots of time spent away from family. On the other hand, occupations like professors, students and the unemployed pay the least on Monte Carlo coverage.
  • Consider raising comp and collision deductibles – Your deductibles tell how much the insured will be required to pay in the event of a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims would be rearending another vehicle, vandalism, and damage from wind. The more expense you choose to pay out-of-pocket, the less money you will pay for insurance on Monte Carlo coverage.
  • Never let your insurance expire – Driving without insurance is a misdemeanor and companies may charge more for letting your insurance lapse for non-payment. Not only will rates go up, the inability to provide proof of insurance could earn you a license revocation or jail time.

How to lower your insurance cost

When shopping for cheap car insurance quotes, there are a couple of ways of comparing rate quotes from different insurance companies. The easiest way by far to find cheaper 2002 Chevy Monte Carlo rates is to jump online and get quotes. This is quite simple and can be completed in just a few minutes using one of these methods.

  1. Hands down the most simple method to find low rates is to use a rate comparison form (click to open form in new window). This quick form keeps you from doing boring form submissions for each company. A single form will return quotes direct from many companies.
  2. A more time consuming way to analyze rates is to take the time to go to each company website and complete a new quote form. For example, let’s assume you want rates from State Farm, Progressive and Allstate. To get rate quotes you would need to visit each site to enter your coverage information, which is why first method is reommended. To view a list of companies in your area, click here.
  3. If you have time to kill, the last method to quote and compare insurance rates is to spend your day driving to insurance agencies in your area. The ability to get quotes online eliminates the middleman unless you have a complicated situation and need the advice and guidance of a licensed agent. You can, however, compare online quotes but buy from a local insurance agent.

Whichever method you choose, compare equivalent deductibles and coverage limits for every company. If you have different data it’s not possible to get a fair rate comparison. Having just a slight variation in insurance coverages could throw off the whole comparison. Keep in mind that comparing a large number of companies gives you a better chance of getting lower pricing. Not every company allows you to get online rate quotes, so you also need to get quotes from them as well.

The insurance coverage bait and switch

Insurance coverage companies such as Allstate and Progressive seem to constantly run ads on television and other media. They all seem to say the same thing of big savings if you move your coverage. How is it possible that every company can charge lower premium rates? Here is the trick they use.

Companies have a certain “appetite” for the driver that makes them money. A good example of a desirable risk could be a married female, has never had a policy lapse, and does not commute to work. A driver that hits that “sweet spot” will get the preferred prices and will most likely cut their rates substantially.

People who fall outside those standards must pay a higher rate which translates to the prospect going elsewhere. The ads state “customers who switch” not “everyone who quotes” save that much when switching. That’s why insurance companies can confidently make claims that they all have the best prices.

That is why you really should get car insurance quotes from several different companies. It is impossible to guess which insurance coverage company will have the best premium rates for your profile.

Save a ton with these auto insurance discounts

Not many people think insurance is cheap, but there could be available discounts to cut the cost considerably. Certain credits will be shown at the time you complete a quote, but some discounts are required to be inquired about prior to getting the savings.

  • Seat Belt Discounts – Drivers who require all vehicle occupants to use their safety belts could save 15% off the medical payments premium.
  • Service Members Pay Less – Being deployed with a military unit could qualify you for better rates.
  • Good Student – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally up until you turn 25.
  • ABS Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents and therefore earn up to a 10% discount.
  • Resident Student – Any of your kids who live away from home to go to college and do not have a car can be insured at a reduced rate.
  • Defensive Driver Discounts – Successfully completing a course in defensive driving could save 5% or more and easily pay for the cost of the class.
  • Discounts for Good Drivers – Accident-free drivers may save up to 50% more on Monte Carlo coverage than drivers with accidents.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like you could get a free auto insurance policy, auto insurance companies aren’t that generous. Any qualifying discounts should help lower your premiums.

Large auto insurance companies and some of the discounts are shown below.

  • State Farm offers discounts including anti-theft, defensive driving training, multiple policy, good student, Drive Safe & Save, safe vehicle, and multiple autos.
  • Farmers Insurance includes discounts for switch companies, youthful driver, bundle discounts, alternative fuel, early shopping, and pay in full.
  • Progressive may include discounts for multi-policy, online signing, multi-vehicle, online quote discount, continuous coverage, and homeowner.
  • GEICO has savings for membership and employees, multi-vehicle, federal employee, daytime running lights, anti-lock brakes, and driver training.
  • Auto-Owners Insurance may have discounts that include paperless, multiple vehicles, good student, anti-lock brakes, company car, student away at school, and safe driver.
  • The Hartford offers premium reductions for defensive driver, anti-theft, good student, vehicle fuel type, bundle, and air bag.
  • Farm Bureau discounts include safe driver, youthful driver, multi-policy, driver training, and multi-vehicle.
  • USAA offers discounts for safe driver, defensive driver, military installation, family discount, vehicle storage, driver training, and multi-vehicle.

If you need lower rates, check with all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts may not apply in your state. To find providers who offer free auto insurance quotes, click here to view.

Insurance coverage can get complicated

When it comes to choosing adequate coverage, there is no best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions can help discover whether you would benefit from professional advice.

  • Are my friends covered when driving my 2002 Chevy Monte Carlo?
  • Why am I required to get a high-risk car insurance policy?
  • What is UM/UIM insurance?
  • Do I really need UM/UIM coverage?
  • Am I covered when driving someone else’s vehicle?
  • Is my camper covered by my car insurance policy?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Car insurance 101

Understanding the coverages of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages available from car insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a bird, damage from flooding, vandalism, falling objects and rock chips in glass. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses for things like dental work, rehabilitation expenses, X-ray expenses and pain medications. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

This provides protection from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as funeral expenses, repair costs for stationary objects, pain and suffering and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Collision protection

Collision coverage will pay to fix damage to your Monte Carlo resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sustaining damage from a pot hole, scraping a guard rail, hitting a parking meter, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Monte Carlo.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.

More effort can pay off

You just learned quite a bit of information on how to save on 2002 Chevy Monte Carlo insurance. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. You may even find the best price on insurance is with a smaller regional carrier. Regional companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Budget-conscious 2002 Chevy Monte Carlo insurance can be bought online as well as from insurance agents, so you need to shop car insurance with both to get a complete price analysis. A few companies may not provide the ability to get a quote online and usually these small, regional companies work with local independent agents.

When searching for affordable car insurance quotes, do not buy poor coverage just to save money. There are many occasions where an insured cut physical damage coverage to discover at claim time they didn’t have enough coverage. The ultimate goal is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Additional insurance information can be read on the following sites: